Thermal Spray Coatings Market

Global Thermal Spray Coatings Market is valued at USD 8.61 Billion in 2020 and expected to reach USD 13.60 Billion by 2027 with a CAGR of 6.75% over the forecast period.

Global Thermal Spray Coatings Market: Global Size, Trends, Competitive, Historical & Forecast Analysis 2021-2027, Wide range of applications, superior surface property and high demand for the increased service life of equipment drive the growth of Global Thermal Spray Coatings Market.

Scope of Global Thermal Spray Coatings Market Report:

Thermal spray coating is a process which utilize powder coating material or semi-molten droplets by finely applying to the surface results in coating. For coating any material can be used as long as it melts or turn out to be plastic while spraying with high velocity onto surface. The thermal spray coatings are applied to metal substance and the process is known by a various different name such as plasma spray, high-velocity oxygen fuel (HVOF), spray welding and flame spray. Usage of thermal spray coatings provide the substrate with wear resistance, corrosion resistance, friction control, protection against heat, and dimensional restoration. The material which is utilized for coating is in the form of a wire or powder. The coatings are often applied without essentially heating up the substrate; thus, it does not induce any thermal distortion to the substrate.

Furthermore, the method adopted is essentially a mechanical bonding process. Thermal spray coating is used in various industries such as automotive, aerospace, machine tools and others to prevent the substrate from degradation caused due to continuous operation in adverse environment.

However, the outbreak of COVID-19 pandemic across the globe is severely affecting manufacturing industries, so it is anticipated to negatively impact the growth of the market for thermal spray coatings. And, the outbreak has also exaggerated the raw material prices of thermal spray coatings. On the other hand, the decline in demand, slowdowns in the manufacturing industry, and limits in supply and travel are resulting in the decline of global thermal spray coatings market.

The global thermal spray coatings market is segmented on the basis of materials, process, end-use and region & country level. On the basis of materials, the market is classified into ceramics, metals & alloys and others. Based on process, it classified as combustion flame and electrical. On the basis of end-use industry, it is classified as automotive, aerospace, healthcare, energy & power, agricultural machinery, electronics and others.

Thermal Spray Coatings Companies  

Key players covered in this report are BodyCote, Praxair Surface Technologies, Inc., Oerlikon Metco, H.C Starck Gmbh, Surface Technology, F.W. Gartner Thermal Spraying, Castolin Eutectic, Wall Colmony Corporation, Arc Spray (Pty) Ltd, Plasma-Tec, Inc., Metallisation Limited, AMETEK Inc., C&M Technologies GmbH, Flame Spray SpA, Thermal Spray Technologies, Inc. (tst), BryCoat Inc., Carpenter Technology Corporation and others.

Global Thermal Spray Coatings Market Segmentation:

By Materials:

• Ceramics
• Metals & Alloys
• Others (carbides, composites and polymers)

By Process:

• Combustion Flame
• Electrical

By End-use:

• Aerospace
• Automotive
• Healthcare
• Agricultural Machinery
• Energy & Power
• Electronics
• Others

The regions covered in this global thermal spray coatings market report are North America, Europe, Asia-Pacific and Rest of the World. On the base of country level, the market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, India, China, Japan, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

News: Praxair Surface Technologies and Siemens Signed New Contract to Strengthen their Continuous Collaboration

On March 19^th, 2020; Praxair surface technology and Siemens signed a new contract which covers the range of coating services across all Siemens products. It includes components from aerospace and industrial gas turbine segment such as vanes, blades, casings, and discs. These components will be coated by PST’s platinum aluminising, aluminising, slurry, and thermal spray processes at various geographical locations such as Italy, Germany, United States & United Kingdom.

Wide Range of Applications, Superior Surface Property and High Demand for Increased Service Life of Equipment Drive the Growth of Global Thermal Spray Coatings Market 

There are various factors driving the growth of thermal spray coating market such as wide range of applications in several industries followed by numerous advantages offered by the thermal spray coating. In addition, escalating demand for enhanced surface attributes to increase the service lifetime of equipment is also expected to fuel the demand for thermal spray coatings over the forecast period. And, the increasing use of thermal spray coatings in medical devices such as prostheses dental implants and others which is also approved by FDA followed by the change in crude metal prices owing to economic conditions is also fostering the market growth.

Furthermore, rising growth of automotive industry and its increasing demand in automotive industry owing to its various advantages are also supplementing the market growth. For example; some of the major benefits of thermal spray coating for automobiles and automobile parts include; it prolongs the lifespan of automobile and engine parts, improves automobile and engine performance and efficiency, reduces friction, sliding, and wear rate, Increases engine performance and service life, protects against corrosion and oxidation, helps reduce fuel and oil consumption, reduces heat transfer, reduces carbon emissions, improves fatigue strength.

However, appearance of alternates including liquid coatings that hold superior capability to cover inside corners and hard to reach surfaces may hamper market growth. In spite of that, increasing technological advancements in the process and materials is expected to create ample opportunities for the further growth of the global thermal spray coating market.

North America is Expected to Dominate Global Thermal Spray Coatings Market

North America is expected to dominate the thermal spray coatings market owing to the presence of manufacturing and aerospace companies, its growing demand from various industries and high investment in research & development activities in this region. Asia-Pacific is expected to develop significantly in the global thermal spray coatings market owing to the presence of developing economies such as China, India and others. Moreover, rising demand from various industries such as automotive and oil & gas exploration, and healthcare along with fast developing industries in this region. Availability of raw materials and surge in disposable income are also expected to enhance the overall market growth in the near future.

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

The Middle East and Africa

• GCC
• Africa
• Rest of the Middle East and Africa

Key Benefits for Global Thermal Spray Coatings Industry Report–

• Global Thermal Spray Coatings Industry place report covers in-depth historical, thermal spray coating applications and forecasts analysis.
• Global Thermal Spray Coatings Market place research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Thermal Spray Coatings Companies, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Thermal Spray Coatings report helps to identify opportunities in the marketplace.
• Global Thermal Spray Coatings report covers extensive analysis of emerging trends and competitive landscape.

Thermal Spray Coating Applications

• Abrasion Resistant Coatings
• Erosion Resistant Coatings
• Corrosion Resistant Coatings
  

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